Today we are talking about what a property management company can do for you, and what you’ll get for your money.
Experience and Knowledge
The most important thing you want in a property manager is experience. A good property manager will have the knowledge required to keep your rent at a maximum. You want to get as much money in rental income as possible every month. Not only does it give you a better cash flow, it also helps your investment in the long term. If your rent is too low, the value will decrease when investors are looking at your property with the intent of buying it. Keep your rents high and don’t lose money by lowering the rent. A property manager’s experience in this area will be invaluable.
Your property manager will keep your property in good repair. This doesn’t just mean fixing something that is broken when a tenant calls with a problem. It means maintaining the place over time. Property managers will take care of small problems so they don’t become large and expensive problems. Your costs and maintenance expenses will be kept to a minimum and you won’t have to worry about huge issues in the future. Maintenance of the property is important.
With a property manager, you’ll get a good lease. The lease is very important because it will protect you in the future if something goes wrong with your tenant. It will also protect your property. The professional, legally compliant lease you get from your property manager is well worth the investment.
A property manager will have a great screening process in place which ensures you get the best tenant for your property. If you don’t have a professional manager screening your tenants, you can run into some very big and very expensive problems down the road. Your property manager will look closely at credit, eviction history, judgments, tenant history and employment to make sure you’re getting the best.
These are just some of the things you should get for your money when you work with a property manager. You’ll keep the value of your property up and the condition of the house protected. You’ll also get an excellent tenant and a protective lease. If you have any questions about property management in Concord or in Contra Costa county or Alameda county, please contact us at Astound Property Management, and we’d be happy to help you.
All blog post information is original material created by Astound Property Management's founder and president Stuart Levitas.